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  • Aegion Corporation Reports 2020 Third Quarter Financial Results

    Management evaluating strategic alternatives for Energy Services; Focused on growing water and wastewater market presence ST. LOUIS, Oct. 28, 2020 (GLOBE NEWSWIRE) -- A PDF accompanying this release is available at: http://ml.globenewswire.com/Resource/Download/f38a396c-11e4-4cb8-9b96-6b17a82d42ec * Q3’20 loss per diluted share was $0.93 compared to earnings per diluted share of $0.19 in Q3’19, reflecting a $39 million pre-tax non-cash goodwill impairment charge for Energy Services. Q3’20 adjusted (non-GAAP)1 earnings per diluted share were $0.32 compared to $0.40 in the prior year. Q3’20 adjusted results were at the high end of guidance expectations, driven by continued strength from the Insituform North America business. * Revenues in the quarter were $276 million. The Insituform North America business grew revenues by 10% year over year, helping to offset COVID-related impacts from Energy Services and the coatings business within Corrosion Protection. * Strong ending cash and net debt levels at September 30, 2020, position Aegion well for organic and inorganic growth. * Management focused on capitalizing on strong balance sheet and industry leading position to grow the North America water and wastewater business. BofA Securities engaged to review strategic alternatives for the Energy Services segment. * Q4’20 adjusted earnings are expected to be slightly below Q3’20 results, primarily reflecting typical seasonal revenue reductions in Infrastructure Solutions. (1)Adjusted (non-GAAP) results exclude certain charges related to the Company’s restructuring activities, acquisition and divestiture-related expenses, goodwill and indefinite-lived intangible asset impairment, impairment of assets held for sale, project warranty accruals, credit facility amendment fees and impacts from the Tax Cuts and Jobs Act. Reconciliation of adjusted results is included below.Q3’20 HIGHLIGHTS * Top-line reductions drove a 6% decline in adjusted operating income. However, strong Insituform performance and a sharp improvement in the Corrpro North America business drove increases in both adjusted gross margins and adjusted operating margins. * Ending cash of $77 million increased 40% over the prior year, and year-to-date operating cash flows of $79 million exceeded the full-year performance in each of the last five years. The Company paid off its revolver borrowings in Q3’20, resulting in ending net debt levels of $150 million. * Contract backlog as of September 30, 2020, was $678 million. Excluding exited or to-be-exited businesses, backlog increased 2% compared to prior year levels. “Our performance in the quarter and outlook as we close out the year reflect our continued success navigating unprecedented near-term challenges.Looking forward, we are advancing a strategy to better leverage our differentiated pipeline rehabilitation and protection technologies for the benefit of public health and the environment. A core element of the strategy is to focus on meaningful growth opportunities in the water and wastewater space to capitalize on the strength of our largest and most profitable business.The evaluation of strategic alternatives for the Energy Services business reflects a deliberate multi-year shift to simplify and drive a narrower focus on our core markets. Our performance today and plans moving forward position us well to create significant long-term value for our shareholders.”Charles R. Gordon, President and Chief Executive Officer, AegionSelected Consolidated Financial Highlights Quarter Ended September 30, 2020 Quarter Ended September 30, 2019 (in thousands, except earnings per share)As Reported (GAAP)Adjustments (1)As Adjusted (Non-GAAP) As Reported (GAAP)Adjustments (2)As Adjusted (Non-GAAP) Revenues$                275,884 $        — $        275,884  $        308,789 $        — $                308,789  Cost of revenues                 215,624                  (1,830)                 213,794                   241,997                  33                  242,030  Gross profit                 60,260                  1,830                  62,090                   66,792                  (33)                 66,759  Operating expenses                 45,055                  (1,546)                 43,509                   48,866                  (1,860)                 47,006  Goodwill impairment                 39,430                  (39,430)                 —                   —                  —                  —  Acquisition and divestiture expenses                 680                  (680)                 —                   1,842                  (1,842)                 —  Restructuring and related charges                 2,335                  (2,335)                 —                   1,435                  (1,435)                 —  Operating income (loss)                 (27,240)                 45,821                  18,581                   14,649                  5,104                  19,753  Other income (expense)                 (3,785)                 (897)                 (4,682)                  (8,414)                 5,345                  (3,069) Income (loss) before taxes (benefit)                 (31,025)                 44,924                  13,899                   6,235                  10,449                  16,684  Taxes (benefit) on income (loss)                 (3,131)                 6,118                  2,987                   (114)                 3,905                  3,791  Net Income (loss) (attributable to Aegion Corporation)                 (28,474)                 38,551                  10,077                   6,036                  6,468                  12,504  Diluted earnings (loss) per share$                (0.93)$        1.25 $        0.32  $        0.19 $        0.21 $        0.40  Net income (loss) and diluted earnings (loss) per share includes non-controlling interest(1)  Q3’20 non-GAAP pre-tax adjustments: * Restructuring: Charges to cost of revenues of $1,830 primarily related to inventory write offs; charges for operating expenses of $1,546 primarily related to wind-down costs, fixed asset disposals and other restructuring-related charges; charges of $2,335 related to employee severance, extension of benefits, employment assistance programs and contract termination costs; income for other income/expense of $1,468 related to net gains on disposal of certain restructured operations and the release of cumulative currency translation adjustments; and adjustments to non-controlling interests income of $255. * Goodwill Impairment: Charges of $39,430 related to goodwill impairments in Energy Services. * Acquisition and Divestiture Expenses: Expenses of $680 incurred primarily in connection with the Company’s divestitures of Australia and Spain and its planned divestiture of its held for sale operations; and losses of $571 related to the divestiture of Australia.(2)  Q3’19 non-GAAP pre-tax adjustments: * Restructuring: Gains for cost of revenues of $33 primarily related to recoveries of inventory write offs; charges for operating expenses of $1,860 primarily related to wind-down expenses, reserves for potentially uncollectible receivables, fixed asset disposals and other restructuring-related charges; charges of $1,435 related to employee severance, extension of benefits, employment assistance programs and contract termination costs; charges for other expense of $5,345 related to net losses on disposal of certain restructured operations and the release of cumulative currency translation adjustments; and an income tax return-to-provision true-up of $1,683 related to foreign tax credits. * Acquisition and Divestiture Expenses: Charges of $1,842 incurred primarily in connection with the divestiture of the Company’s business in Australia and other held for sale operations. Selected Segment Financial Highlights  Quarter Ended September 30, 2020 Quarter Ended September 30, 2019  (in thousands)As Reported (GAAP)Adjustments (1)As Adjusted (Non-GAAP) As Reported (GAAP)Adjustments (2)As Adjusted (Non-GAAP) Revenues:        Infrastructure Solutions$        152,102 $        — $        152,102  $        156,087 $        — $        156,087  Corrosion Protection         60,986                  —          60,986           75,901          —          75,901  Energy Services         62,796                  —          62,796           76,801          —          76,801  Total Revenues$        275,884 $        — $        275,884  $        308,789 $        — $        308,789           Gross Profit:        Infrastructure Solutions$        41,358 $        — $        41,368  $        39,569 $        (30)$        39,539  Gross Profit Margin         27.2%          27.2%          25.4%          25.3% Corrosion Protection         13,432                  1,830          15,262           17,232          (3)         17,229  Gross Profit Margin         22.0%          25.0%          22.7%          22.7% Energy Services         5,470                  —          5,470           9,991          —          9,991  Gross Profit Margin         8.7%          8.7%          13.0%          13.0% Total Gross Profit$        60,260 $        1,830 $        62,090  $        66,792 $        (33)$        66,759  Gross Profit Margin         21.8%          22.5%          21.6%          21.6%          Operating Income (Loss):        Infrastructure Solutions$        23,497 $        (175)$        23,322  $        18,376 $        1,710 $        20,086  Operating Margin         15.4%          15.3%          11.8%          12.9% Corrosion Protection         (1,357)                 4,520          3,163           2,362          834          3,196  Operating Margin         (2.2)%          5.2%          3.1%          4.2% Energy Services         (41,701)                 40,299          (1,402)          2,257          139          2,396  Operating Margin         (66.4)%          (2.2)%          2.9%          3.1% Corporate         (7,679)                 1,177          (6,502)          (8,346)         2,421          (5,925) Operating Margin         (2.8)%          (2.4)%          (2.7)%          (1.9)% Total Operating Income (Loss)$        (27,240)$        45,821 $        18,581  $        14,649 $        5,104 $        19,753  Operating Margin         (9.9)%          6.7%          4.7%          6.4% (1)  Includes non-GAAP adjustments related to: * Infrastructure Solutions \- (i) pre-tax restructuring charges associated with severance and benefit related costs, wind-down costs and other restructuring charges; and (ii) expenses incurred in connection with the divestitures of Australia and Spain. * Corrosion Protection - pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs, wind-down costs, fixed asset disposals and other restructuring charges. * Energy Services - (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs, fixed asset disposals and other restructuring charges; and (ii) goodwill impairment charges. * Corporate \- (i) pre-tax restructuring charges primarily associated with severance and benefit related costs and legal expenses; and (ii) divestiture expenses related to Australia and Spain and other acquisition and divestiture activities.(2)  Includes non-GAAP adjustments related to: * Infrastructure Solutions \- (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs and other restructuring charges; and (ii) expenses incurred in connection with the divestiture of the CIPP business in Australia. * Corrosion Protection - (i) pre-tax restructuring charges associated with severance and benefit related costs, contract termination costs and other restructuring charges, and (ii) acquisition and divestiture expenses. * Energy Services - pre-tax restructuring charges associated with severance and benefit related costs and other restructuring charges. * Corporate \- (i) pre-tax restructuring charges primarily associated with severance and benefit related costs and legal expenses; and (ii) acquisition and divestiture expenses related to held for sale entities. About Aegion Corporation (NASDAQ: AEGN)Aegion combines innovative technologies with market-leading expertise to maintain, rehabilitate and strengthen infrastructure around the world. For nearly 50 years, the Company has played a pioneering role in finding innovative solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. Aegion also maintains the efficient operation of refineries and other industrial facilities. Aegion is committed to Stronger. Safer. Infrastructure.® More information about Aegion can be found at www.aegion.com.Forward-Looking StatementsThe Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Aegion’s forward-looking statements in this news release represent its beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to Aegion and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend, “may,” “will” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of Aegion’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission on March 2, 2020, and in subsequently filed documents, and, in particular, the impact of the current COVID virus outbreak and the evolving response thereto both on the Company generally and on other risks described therein. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, Aegion’s actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, Aegion does not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by Aegion from time to time in Aegion’s filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by Aegion in this news release are qualified by these cautionary statements.Information regarding the impact of the Tax Cuts and Jobs Act consists of estimates which are forward looking and subject to change. The Company anticipates additional guidance, both at the federal and state level, to be forthcoming in 2020.  As such, the impacts of the legislation may differ from current estimates, interpretations and assumptions, possibly materially, and the amount of the impact on the Company may accordingly be adjusted over the course of 2020.About Non-GAAP Financial MeasuresAegion has presented certain information in this release excluding certain items that impacted income, expense and earnings per share. The adjusted earnings per share in the quarters and nine months ended September 30, 2020 and 2019 exclude charges related to the Company’s restructuring activities, acquisition and divestiture-related expenses, goodwill and indefinite-lived intangible asset impairment, impairment of assets held for sale, project warranty accruals, credit facility amendment fees and impacts related to the Tax Cuts and Jobs Act.Aegion management uses such non-GAAP information internally to evaluate financial performance for Aegion’s operations because Aegion’s management believes such non-GAAP information allows management to more accurately compare Aegion’s ongoing performance across periods. As such, Aegion’s management believes that providing non-GAAP financial information to Aegion’s investors is useful because it allows investors to evaluate Aegion’s performance using the same methodology and information used by Aegion management.Aegion® and Stronger. Safer. Infrastructure.® and the associated logos are the registered trademarks of Aegion Corporation and its affiliates.CONTACT:         Aegion Corporation David F. Morris, Executive Vice President and Chief Financial Officer (636) 530-8000

  • CPS Technologies Corporation Announces Third Quarter 2020 Results

    NORTON, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ: CPSH) today announced revenues of $4.5 million and an operating profit of $253 thousand for the quarter ended September 26, 2020. This compares with revenues of $4.4 million and an operating loss of $479 thousand for the quarter ended September 28, 2019. For the nine months ending September 26, 2020, revenues are $16.7 million with an operating profit of $1.2 million. This compares with revenue of $16.0 million and an operating loss of $966 thousand for the nine months ended September 28, 2019.Grant Bennett, President and CEO, said: “While generally pleased with our bottom lines for quarter and nine-month periods just ended, in the third quarter our top line was increasingly negatively affected by the coronavirus pandemic. In particular, our two largest customers are experiencing reduced demand from their customers, resulting in a significant reduction in purchases from CPS. Additionally, one of our suppliers experienced a fire in May which shut down their operations for almost the entire third quarter; they did not reopen until the final week of September. This had the effect of pushing expected third quarter shipments into the fourth quarter.Gross margins and operating profits were considerably higher in the three-month and nine-month periods just ended than they were in the corresponding periods a year ago. This significant positive swing in performance reflects the pricing, product mix and operational improvements discussed in previous quarters. This is clearly seen by the $100 thousand increase in revenues resulting in a $732 thousand improvement in operating profit and $700 thousand increase in revenues resulting in a $2.2 million improvement in operating profit for the three and nine month periods ending September 26, 2020, respectively.CPS continues to be open and operating during the pandemic. To date most of our customers remain open and operational. In Q3 we saw significant increased volatility on the part of some of our customers, while for others it has been business as usual. We expect that this volatility will continue for at least the next several quarters.As previously stated, CPS continues to follow CDC and OSHA guidance in our workplace. Employees’ temperatures are taken at the beginning of each shift, shifts have been staggered to reduce employee overlap, workstations have been rearranged to ensure social distancing, all employees are using facemasks, etc.Any forward-looking comments must begin with the clear caveat that the pandemic is injecting considerable uncertainty at customers and suppliers so conditions can and may change quickly. While we must tone down our optimism for the fourth quarter of 2020 and the first quarter of 2021, we continue to be very optimistic about the future. We have several new projects which could add materially to our revenue stream in 2021 including in the hermetic package and armor product lines, in addition to our core AlSiC component product line. The pipeline of new design wins remains very robust. Recent in-depth analyses of pricing and costs have enabled us to generate operating efficiencies which should help us to grow hermetic package profitability in the coming quarters and years. Armor is an area that has been on the table for several years. Recent developments suggest this product may start to generate material revenues as soon as next year.”The Company will be hosting its third quarter conference call with investors at 4:45pm on Wednesday, October 28. Those interested in participating in the conference call should dial:Call in Number: 1-833-953-1394Conference ID: 6798808About CPS CPS Technologies Corporation is a global leader in producing metal-matrix composite components used to improve the reliability and performance of various electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind turbines. They are also used as heatspreaders in internet switches, routers and high-performance microprocessors. CPS also develops and produces metal-matrix composite armor.Safe Harbor Statements made in this document that are not historical facts or which apply prospectively, including those relating to 2020 financial results, are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.CPS TECHNOLOGIES CORPORATIONStatements of Operations (Unaudited)  Fiscal Quarters Ended Nine Months Ended   September 26, September 28, September 26, September 28,    2020  2019  2020  2019   \------------ \------------ \------------ \------------ Revenues:         Product sales$4,452,387 $4,387,125 $16,721,973 $16,023,615   \------------ \------------ \------------ \------------  Total Revenues 4,452,387  4,387,125  16,721,973  16,023,615           Cost of product sales 3,514,813  4,164,187  13,050,860  14,466,266   \------------ \------------ \------------ \------------  Gross Margin 937,574  222,938  3,671,113  1,557,349           Selling, general and         administrative expense 684,836  702,413  2,466,196  2,523,178   \------------ \------------ \------------ \------------  Operating income (loss) 252,738  (479,475)  1,204,915  (965,829)          Interest income (expense), net (21,263)  (16,495)  (87,004)  (23,757) Other income (3)  \--  14,446  \--   \------------ \------------ \------------ \------------ Net income (loss) before income         tax expense 231,472  (495,970)  1,132,357  (989,586)   \------------ \------------ \------------ \------------  Provision for income tax 456  \--  456  \--            Net income (loss)$231,016 $(495,970) $1,131,901 $(989,586)   ========= ========= ========= ========= Net income (loss) per         basic common share$0.02 $(0.04) $0.09 $(0.07)   \------------ \------------ \------------ \------------ CPS TECHNOLOGIES CORPORATION Balance Sheets (Unaudited)  September 26, December 28,    2020  2019 ASSETS\------------- \-------------       Current assets:     Cash and cash equivalents$112,575 $133,965  Accounts receivable-trade, net 3,961,606  4,086,945  Inventories, net 4,187,272  3,099,824  Prepaid expenses and other current assets 139,963  147,786   \------------- \-------------   Total current assets 8,401,416  7,468,520   \------------- \------------- Property and equipment:     Production equipment 10,282,980  9,649,169  Furniture and office equipment 508,423  508,423  Leasehold improvements 934,195  934,195   \------------- \-------------   Total cost 11,725,598  11,091,787        Accumulated depreciation and amortization (10,478,053)  (10,110,663)  Construction in progress 127,408  255,754   \------------- \-------------   Net property and equipment 1,374,952  1,236,878   \------------- \------------- Right-of-use lease asset 63,000  171,000 Deferred taxes, net 147,873  147,873   \------------- \-------------  Total assets$9,987,241 $9,024,271   ========= ========= (continued)CPS TECHNOLOGIES CORPORATION Balance Sheets (Unaudited) (concluded)           LIABILITIES AND STOCKHOLDERS`September 26, December 28,  EQUITY 2020  2019   \------------- \------------- Current liabilities:     Borrowings against line of credit 835,123  1,249,588  Note payable, current portion 37,917  \--  Accounts payable 1,221,642  1,436,417  Accrued expenses 720,182  815,166  Deferred revenue 358,000  21,110  Lease liability, current portion 80,878  148,000   \------------- \------------- Total current liabilities 3,253,742  3,670,281   \------------- \------------- Note payable less current portion 149,652  \-- Long term lease liability 19,736  23,000   \------------- \------------- Total liabilities 3,423,130  3,693,281      Commitments (note 4)         Stockholders` equity:     Common stock, $0.01 par value,     authorized 20,000,000 shares;     issued 13,716,242 and 13,427,492, respectively;     outstanding 13,296,168 and 13,207,436, respectively;     at September 26, 2020 and December 28, 2019; 137,162  134,275  Additional paid-in capital 36,633,553  36,094,201  Accumulated deficit (29,248,532)  (30,380,433)  Less cost of 420,074 and 220,056 common shares     repurchased, respectively;     at September 26, 2020 and December 28, 2019 (958,072)  (517,053)   \------------- \------------- Total stockholders` equity 6,564,111  5,330,990   \------------- \------------- Total liabilities and stockholders`     equity$9,987,241 $9,024,271   ========== ========== See accompanying notes to financial statements.CPS Technologies Corporation                          Chuck Griffith, Chief Financial Officer                                 111 South Worcester Street Norton, MA 02766 Telephone: (508) 222-0614 Web Site: www.alsic.com

  • Kendall Jenner shows off her killer abs in head-to-toe Nike gear - get the look

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  • NBA revenue dip 10% to $8.3 billion in 2019-20: report

    NBA revenues fell 10% to $8.3 billion for the 2019-20 season disrupted by the Covid-19 pandemic, ESPN reported Wednesday, saying the league lost $800 million in ticket income alone.

  • Mason Graphite Presents a Corporate Update

    MONTREAL, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Mason Graphite Inc. ("Mason Graphite" or the “Company") (TSX.V: LLG; OTCQX: MGPHF) announces the mailing of its circular for the annual meeting of shareholders to be held on Thursday, December 10, 2020, at 10:00 AM (Montreal time). At a meeting of the Board of Directors (“BoD”) held on October 22, 2020, the Board has approved the circular, including the list of directors comprising Gilles Gingras, Guy Chamard (representing Investissement Québec, the largest shareholder of the Company), Gaston Morin, François Laurin, Peter Damouni and Fahad Al-Tamimi.2nd Transformation Project AdvancementThe Company is undertaking a new approach for the 2nd Transformation project (Value-Added Products, or “VAP”).Over the last year, Mason Graphite has achieved its targets in the development of the coated spherical purified graphite for the Li-ion batteries and is in the final stages of optimization. Following the prioritization of the VAP project in April 2020, Mason Graphite has elaborated in the last few months a new strategy for the realization of this 2nd Transformation project.The first step in executing this strategy, which should lead to the construction of the Company’s first production unit, is to conduct a conceptual study, approved at the last BoD meeting, which will serve to confirm the business case and the profitability of the project, based on the market evolution. With an anticipated duration of approximately three months, this study will validate the selected processes and initiate the engineering of the future industrial plant required to establish the capital and production costs necessary to confirm the profitability of the project.To conduct this study, Mason Graphite is teaming up with a strategic partner specialized in advanced graphite-based products and applications. The expertise of this partner, with whom the Company has already been working for a year, complements the expertise of Mason Graphite’s team.In the coming months, Mason Graphite will also conduct a value-engineering study for the Lac Guéret mine and concentrator project and evaluate options for the development of a fully integrated project (1st and 2nd Transformations) with the objectives of maximizing cash generation and shareholder value.Finally, the Company is continuing its discussions with significant potential customers in the electric vehicle market which have shown an interest in Mason Graphite’s 2nd Transformation products.Strategic PartnersWith the aim of increasing shareholders’ value, the Corporation has been pursuing discussions with several potential strategic partners in the graphite industry for a potential agreement that would advance the Company’s development.CEOAt the October 22 BoD meeting, the Board has approved the appointment of an executive search firm to find a permanent CEO.Mr. Gilles Gingras, Chairman of the Board of Mason Graphite, commented: “I am very proud of the progress accomplished by the Company since I was appointed as chairman in September and I am very confident that the recent decisions of the management and the Board will prove profitable for the Company and its shareholders.”About Mason GraphiteMason Graphite is a Canadian corporation dedicated to the production and transformation of natural graphite. Its strategy includes the development of value-added products, notably for green technologies like transport electrification. The Company also owns 100% of the rights to the Lac Guéret graphite deposit, one of the richest in the world. The Company is managed by an experienced team cumulating many decades of experience in graphite, covering production, sales, as well as research and development.For more information: www.masongraphite.comMason Graphite Inc. Ana Rodrigues at info@masongraphite.com or 1 514 289-3580 Head Office: 3030, boulevard Le Carrefour, suite 600, Laval, Quebec, Canada, H7T 2P5Cautionary StatementsThis press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the resulting issuer; (xii) the risks associated with the various environmental regulations the resulting issuer is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest; (xv) the reliance on key personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution through the issue of common shares; (xviii) the Company does not anticipate declaring dividends in the near term; (xix) the risk of litigation; and (xx) risk management.Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

  • NANO DIMENSION CLOSES $50 MILLION REGISTERED DIRECT OFFERING

    Sunrise, Florida, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced it has closed the previously announced registered direct offering of 16,722,000 of the Company’s American Depositary Shares (“ADSs”) at a price of $3.00 per ADS. The gross proceeds of the offering were approximately $50 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole placement agent for the offering.This offering was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-249559) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement and accompanying prospectus describing the terms of the proposed offering have been filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement and accompanying prospectus may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, Telephone: (877) 436-3673; Email: prospectus@think-equity.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About Nano DimensionNano Dimension (Nasdaq: NNDM) is a provider of intelligent machines for the fabrication of Additively Manufactured Electronics (AME). High fidelity active electronic and electromechanical subassemblies are integral enablers of autonomous intelligent drones, cars, satellites, smartphones, and in vivo medical devices. They necessitate iterative development, IP safety, fast time-to-market and device performance gains, thereby mandating AME for in-house, rapid prototyping and production. Nano Dimension machines serve cross-industry needs by depositing proprietary consumable conductive and dielectric materials simultaneously, while concurrently integrating in-situ capacitors, antennas, coils, transformers and electromechanical components, to function at unprecedented performance. Nano Dimension bridges the gap between PCB and semiconductor integrated circuits. A revolution at the click of a button: From CAD to a functional high-performance AME device in hours, solely at the cost of the consumable materials. For more information, please visit www.nano-di.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this press release when it discusses planned use of the net proceeds from the offering. Because such statements deal with future events and are based on Nano Dimension's current expectations, they are subject to various risks and uncertainties. Actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Nano Dimension’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 10, 2020, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.NANO DIMENSION INVESTOR RELATIONS CONTACT Yael Sandler, CFO | ir@nano-di.com

  • Man arrested for altering voter registration data of Florida governor: police

    The Florida Department of Law Enforcement said it arrested Anthony Steven Guevara, 20, of Naples, Florida, on Tuesday night on charges of unauthorized access of a computer and altering a voter registration without consent after he changed DeSantis' address via his web browser. The department said Guevara is believed to have also accessed the voter registrations of U.S. Senator Rick Scott and sports celebrities Michael Jordan and LeBron James but made no changes.

  • CyrusOne: 3Q Earnings Snapshot

    DALLAS (AP) _ CyrusOne Inc. (CONE) on Wednesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The Dallas-based real estate investment trust said it had funds from operations of $114.4 million, or 96 cents per share, in the period.

  • Facebook, Twitter, and Google need to answer for disinformation — not a fake anti-conservative bias

    Big Tech needs to be held accountable for the spread of disinformation on its platforms, not an unfounded conspiracy about anti-conservative bias.

  • Fastly: 3Q Earnings Snapshot

    SAN FRANCISCO (AP) _ Fastly Inc. (FSLY) on Wednesday reported a loss of $23.8 million in its third quarter. The San Francisco-based company said it had a loss of 22 cents per share. Losses, adjusted for stock option expense and costs related to mergers and acquisitions, came to 4 cents per share.

  • Duke Realty: 3Q Earnings Snapshot

    INDIANAPOLIS (AP) _ Duke Realty Corp. (DRE) on Wednesday reported a key measure of profitability in its third quarter. The Indianapolis-based real estate investment trust said it had funds from operations of $149.1 million, or 40 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 39 cents per share.

  • ParkOhio Announces Third Quarter 2020 Results Conference Call

    ParkOhio (NASDAQ: PKOH) announces the following webcast:

  • Murphy USA Announces Updated Capital Allocation Strategy

    EL DORADO, Ark., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Murphy USA (NYSE: MUSA) announced today an update to its capital allocation strategy including the approval by its Board of Directors of two programs designed to return value to shareholders. The successful execution of the Company’s current strategic initiatives and its outsized earnings leverage to the most recent operating environment has enabled the Company to make significant progress against a number of its financial goals, including a target of $500 million of Adjusted EBITDA in 2021 and the expected completion of its most recent $400 million share repurchase authorization of which approximately $7 million remains for repurchase. Given the Company’s robust cash balances and low balance sheet leverage, the Board of Directors recently authorized a new share repurchase authorization of up to $500 million to begin upon completion of the current $400 million authorization and to be executed by December 31, 2023. The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may be conducted through open market transactions, privately negotiated transactions, pursuant to accelerated share repurchase programs, or otherwise. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company’s stock plans and for other corporate purposes.With ongoing volatility and increasing uncertainty impacting equity markets, coupled with potential regulatory action or fiscal policy changes, the Company is diversifying its shareholder distribution mechanisms to provide consistent and meaningful returns of capital to shareholders, independent of the timing and magnitude of potential share repurchases. As such, the Board also authorized the initiation of a quarterly $0.25 per share dividend, or $1.00 per share annualized, with an initial quarterly dividend payable December 1, 2020 to shareholders of record as of November 13, 2020. The initial dividend rate reflects a small portion of the Company’s historical cash balances and a yield consistent with its peer dividend paying retailers. In addition to these value-creating shareholder distributions, the Company has reaffirmed its accelerated organic growth objectives to build up to 50 New-To-Industry (NTI) locations per year beginning in 2021 of the larger 2,800 sq. ft. formats and Raze and Rebuild (R&R) 25 existing kiosks into its 1,400 sq. ft. small store format on Walmart parking lots. An NTI pipeline of over 100 locations has been developed over the past two years to be able to deliver this level of growth on a sustainable basis. Key to achieving the highest potential returns from its large and small format stores is the development and execution of enhanced food and beverage (F&B) capabilities, with several recent hires along with the upcoming renewal of the Company’s supply chain contract with Core-Mark reflecting early steps in this strategic capability building effort. In order to accelerate the development of these critical capabilities, the Company is open to pursuing targeted M&A activity in addition to organic growth.  Targets could include chains with at-scale F&B capabilities where an acquisition could deliver immediate benefits versus solely building the capabilities internally. Such an acquisition could not only be accretive, whether near term or longer term, based on synergies leveraging MUSA’s scale but also could create reverse synergies as the F&B capabilities and platforms acquired could upgrade MUSA’s existing offerings. Whether the Company builds or buys these capabilities, it intends to develop a fit-for-purpose F&B model for its portfolio of stores and a differentiated offer to its customers to enable it to achieve the highest possible returns from its organic and inorganic growth plans. The Company may also explore the potential acquisition of mid-sized regional chains where there is a strong strategic fit and that complement its organic growth strategy.The combination of these capital allocation choices takes advantage of MUSA’s strong financial position and flexibility, accelerating organic growth plans, scale and capabilities to win in today’s challenging COVID environment, and focus on delivering exceptional and sustained value to long-term shareholders. Based on the Company’s long-term outlook, we expect to execute and deliver on our plans while maintaining a conservative balance sheet at or near 2.5-times debt-to-EBITDA ratio or lower. The updated strategy reflects a continued refinement to the capital allocation strategy and discipline that has been a hallmark of the Company since its 2013 spinoff.Non-GAAP Financial InformationAn itemized reconciliation between projected Net Income and Adjusted EBITDA for the full year 2021 is as follows:(Millions of dollars)  Calendar Year 2021 Net Income  $204       Income taxes  $70  Interest expense, net of interest income  $48  Depreciation and amortization  $180  Other operating and nonoperating, net  $(2)       Adjusted EBITDA  $500  For purposes of this reconciliation, the midpoint of a range for each reconciling item was used, and therefore actual results for each of these reconciling items is expected to be higher or lower than the amounts shown above.  The size of the ranges varies based on the individual reconciling item and assumptions made. See the Company’s most recent Form 10-K or Form 10-Q for rationale for providing non-GAAP financial metrics. About Murphy USA Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with nearly 1,500 sites located primarily in the Southwest, Southeast and Midwest United States. The company and its team of nearly 10,000 employees serve an estimated 1.7 million customers each day through its network of retail gasoline stations in 25 states. The majority of Murphy USA's sites are located in close proximity to Walmart stores. The company also markets gasoline and other products at standalone stores under the Murphy Express brand. Murphy USA ranks 262 among Fortune 500 companies.Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainties, including, but not limited to anticipated store openings, fuel margins, merchandise margins, sales of RINs, trends in our operations, dividends, share repurchases and M&A activity. Such statements are based upon the current beliefs and expectations of the company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: our ability to continue to maintain a good business relationship with Walmart; successful execution of our growth strategy, including our ability to realize the anticipated benefits from such growth initiatives, and the timely completion of construction associated with our newly planned stores which may be impacted by the financial health of third parties; our ability to effectively manage our inventory, disruptions in our supply chain and our ability to control costs; the impact of severe weather events, such as hurricanes, floods and earthquakes; the impact of a global health pandemic, such as COVID-19 including the impact on our fuel volumes if the gradual recoveries experienced in Q2 2020 stall or reverse as a result of any resurgence in COVID-19 infection rates and government reaction in response thereof; the impact of any systems failures, cybersecurity and/or security breaches, including any security breach that results in theft, transfer or unauthorized disclosure of customer, employee or company information or our compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of our information technology strategy; future tobacco or e-cigarette legislation and any other efforts that make purchasing tobacco products more costly or difficult could hurt our revenues and impact gross margins; changes to the company's capital allocation, including the timing, declaration, amount and payment of any future dividends or levels of the company's share repurchases, or management of operating cash; the market price of the Company's stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company's cash flows from operations, and general economic conditions; compliance with debt covenants; availability and cost of credit; and changes in interest rates. Our SEC reports, including our most recent annual Report on Form10-K and quarterly report on Form 10-Q, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.Source:  Murphy USA Inc. (NYSE: MUSA)Investor Contact: Christian Pikul – Vice President of Investor Relations and FP&A Christian.Pikul@murphyusa.com Mitchell Freer – Investor Relations Analyst Mitchell.Freer@murphyusa.com

  • Teladoc: 3Q Earnings Snapshot

    PURCHASE, N.Y. (AP) _ Teladoc Inc. (TDOC) on Wednesday reported a loss of $35.9 million in its third quarter. For the current quarter ending in December, Teladoc expects its results to range from a loss of 36 cents per share to a loss of 33 cents per share. Teladoc shares have more than doubled since the beginning of the year.

  • Some of the Biggest Oil Stocks Are Crashing With Crude Prices Today

    Crude oil prices are down more than 5% following a significant build in commercial crude oil in storage in the U.S., a worrying sign that oil producers are set to face more pressure if the recent surge in COVID-19 cases around the world impacts economic activity and thus oil demand. The biggest single reason for the sharp decline of all of these stocks is a reaction to the drop in crude oil prices.

  • Prime Impact Acquisition I Securities to Commence Separate Trading

    Prime Impact Acquisition I Securities to Commence Separate Trading

  • TILT Holdings Provides Preliminary Third Quarter Results; Announces Senior Leadership Changes to Advance Corporate Strategy

    Projected Third Consecutive Quarter of Positive Adjusted EBITDA, An Increase of 108% - 150% Compared to Q2 2020Operational Highlights Include New Monthly Records for Cartridges Shipped at Jupiter Research and Revenue at Standard FarmsPHOENIX, Oct. 28, 2020 (GLOBE NEWSWIRE) -- TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a provider of business solutions to the global cannabis industry, announced preliminary financial results for the third quarter ended September 30, 2020 (“Q3 2020”), the promotion of Gary Santo to president of TILT and the appointment of Brad Hoch as TILT’s permanent chief financial officer (“CFO”).Projected Preliminary Financial Highlights (unaudited): * Q3 2020 revenue of $40 - $41 million, a 4% - 6% increase from Q2 2020 revenue of $38.6 million * Q3 2020 Adjusted EBITDA $2.5 - $3.0 million, a 108% - 150% increase from Q2 2020 Adjusted EBITDA of $1.2 millionThird Quarter Operational Highlights: * New monthly record for total cartridges shipped by Jupiter Research, LLC (“Jupiter”) in September * Expanded product offering at Standard Farms LLC, Pennsylvania (“Standard Farms”) contributing to a new monthly revenue record for Standard Farms in September * 31% quarter-over-quarter revenue increase at Commonwealth Alternative Care Inc., Massachusetts (“Commonwealth Alternative Care”) Promotion of Key Management Personnel Effective immediately Gary Santo will be promoted to president of TILT where, among his responsibilities, he will oversee long-term strategic planning and capital allocation for the Company. Concurrently, Brad Hoch will officially be appointed TILT’s CFO after stepping into the interim CFO role in June 2020.These appointments will enable TILT to better maximize value in its three primary business lines with an intense focus on: * Expanding Jupiter’s position as a market leader in inhalation technology, sales and innovation; * Accelerating near-term ROI opportunities available in TILT’s existing plant-touching businesses in the attractive limited license states of Massachusetts and Pennsylvania; and * Optimizing alignment of the Blackbird logistics and software platform with market opportunities. “Since joining TILT, Gary’s experience transforming strategy into action, together with his deep capital markets background and exposure to multi-state cannabis operations has allowed him to positively impact our business,” said Mark Scatterday, CEO of TILT. “I look forward to him continuing to help drive growth opportunities across our portfolio, and in particular, across our plant-touching assets, which include Commonwealth Alternative Care and Standard Farms. We’re also excited to officially welcome Brad into the CFO role and look forward to him continuing to add value to our Company and bottomline.”Scatterday continued, “With Gary and Brad in their new leadership roles, Tim Conder will now be empowered to put a greater focus on Blackbird, a company that he founded. These leadership changes will also allow me to ensure that we are leveraging Jupiter’s unique strengths to further advance our position as the pre-eminent inhalation technology partner to brands around the globe.”“Mark and Tim, along with the entire leadership team at TILT have done a great job guiding the Company to a place where we are now in a position to scale,” said TILT President Gary Santo. “I am excited about the potential for growth within our current portfolio of assets as well as opportunities available to us in the broader marketplace. I look forward to working with such a dynamic group to best align our human and financial capital to achieve strong returns while continuing to unlock value for our shareholders.”Earnings Call Details TILT will report its complete financial results for the third quarter ended September 30, 2020, following the close of trading on the Canadian Securities Exchange on Wednesday, November 18, 2020. Following the release of its financial results, the Company will host a webcast at 5:00 PM EST to discuss financial and operational results for the reported quarter.The live webcast may be accessed from the Events and Presentations menu in the Investor Relations section of the Company’s website at https://investors.tiltholdings.com/ir-calendar or at http://public.viavid.com/index.php?id=142183. Please register at least 15 minutes prior to the scheduled start to download and install any necessary audio software.A replay of the webcast will be available in the Past Events section of the Company’s Investor Relations website approximately 2 hours after the live event and will be archived for 30 days.About TILT Holdings Inc. TILT helps cannabis businesses build brands. Through a portfolio of companies providing hardware, software, logistics, cultivation and production, TILT services more than 2,000 brands and cannabis retailers across 33 states in the U.S. as well as Canada, Israel, Mexico, South America, and the European Union. TILT’s core businesses include Jupiter Research, a wholly owned subsidiary and leader in the vaporization segment focused on hardware design, research, development and manufacturing; Blackbird Holdings Corp., a software and operations solutions provider for wholesale and retail distributors; and cannabis operations through Commonwealth Alternative Care, Inc. in Massachusetts and Standard Farms in Pennsylvania. TILT is headquartered in Phoenix, Arizona.For more information, visit www.tiltholdings.com.Investor Contact:Media Contact: Gary F. Santo, Jr., IRCEllen Mellody President, TILT Holdings Inc.Mattio Communications investors@tiltholdings.comtilt@mattio.com 617-921-9520570-209-2947 Non-IFRS Financial and Performance Measures In addition to providing financial measurements based on International Financial Reporting Standards (“IFRS”), the Company provides additional financial metrics that are not prepared in accordance with IFRS. Management uses non-IFRS financial measures, in addition to IFRS financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate the Company’s financial performance. These non-IFRS financial measures are EBITDA and Adjusted EBITDA.EBITDA and Adjusted EBITDA are financial measures that are not defined under IFRS. The Company uses these non-IFRS financial measures, and believes they enhance an investor’s understanding of the Company’s financial and operating performance from period to period, because they exclude certain material non-cash items and certain other adjustments management believes are not reflective of the Company’s ongoing operations and performance. The Company calculates EBITDA as net income (loss), plus (minus) income taxes (recovery), plus (minus) interest expense (income), plus depreciation and amortization expense. Adjusted EBITDA excludes certain one-time non-operating expenses, as determined by management, including stock compensation expense, unrealized gain/loss on changes in fair value of biological assets, fair value changes in biological assets included in inventory sold and business acquisition expense. There are components of fair value of biological assets required for the reconciliation of Adjusted EBITDA to Net Income that are currently in process of finalization. Therefore, a reconciliation of the range of Adjusted EBITDA to net income cannot be provided at this time. A full reconciliation of Adjusted EBITDA to net income will be provided when actual results are released.Management believes that these non-IFRS financial measures reflect the Company’s ongoing business in a manner that allows for meaningful comparisons and analysis of trends in the business, as they facilitate comparing financial results across accounting periods and to those of peer companies. Management also believes that these non-IFRS financial measures enable investors to evaluate the Company’s operating results and future prospects in the same manner as management. These non-IFRS financial measures may also exclude expenses and gains that may be unusual in nature, infrequent or not reflective of the Company’s ongoing operating results.As there are no standardized methods of calculating these non-IFRS measures, the Company’s methods may differ from those used by others, and accordingly, the use of these measures may not be directly comparable to similarly titled measures used by others. Accordingly, these non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.Forward-Looking Information This news release contains forward-looking information based on current expectations. Forward-looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward looking information may include, without limitation, projections regarding third quarter 2020 financial results, the opinions or beliefs of management, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of TILT, and includes statements about, among other things, future developments, the future operations, strengths and strategy of TILT. Generally, forward looking information can be identified by the use of forward looking terminology such as “projects”, “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These statements should not be read as guarantees of future performance or results. These statements are based upon certain material factors, assumptions and analyses that were applied in drawing a conclusion or making a forecast or projection, including TILT’s experience and perceptions of historical trends, the ability of TILT to maximize shareholder value, current conditions and expected future developments, as well as other factors that are believed to be reasonable in the circumstances.Although such statements are based on management’s reasonable assumptions at the date such statements are made, there can be no assurance that they will be completed on the terms described above and that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on the forward-looking information. TILT assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.By its nature, forward-looking information is subject to risks and uncertainties, and there are a variety of material factors, many of which are beyond the control of TILT, and that may cause actual outcomes to differ materially from those discussed in the forward-looking statements.The CSE has neither approved nor disapproved the contents of this news release.

  • Denny’s is celebrating Halloween with a really, really blue sandwich

    Nothing says Halloween like … Denny’s? Well, Halloween just so happens to coincide with a blue moon this year — an astrological coincidence that hasn’t happened since 1944. Twitter users had plenty of feelings about the sandwich, which, while being totally safe to eat, does look a bit like it’s held together with moldy bread.